NEWS

KONGSBERG awarded contract to deliver Naval Strike Missile to US Navy and Marine Corps valued up to NOK 12 billion


< Back to all news

KONGSBERG awarded contract to deliver Naval Strike Missile to US Navy and Marine Corps valued up to NOK 12 billion

Business

Category: Business News

Kongsberg Defence & Aerospace (’KONGSBERG’) has signed a multi-year procurement contract with the US Navy for the delivery of Naval Strike Missile (NSM) missiles to the Navy and Fleet Marine Force over a five-year period. The fixed price contract awarded today is valued at NOK 10 billion. This contract includes options which, if exercised, would bring the cumulative value of this contract to about NOK 12 billion.

“This contract is the largest missile contract in KONGSBERG’s history and an important milestone for us. We are pleased the United States has selected KONGSBERG as an industry partner and look forward to continued cooperation to support US defence capabilities and create value for important stakeholders in Norway and the US,” said Geir Håøy, President and CEO of KONGSBERG.

NSM is the centerpiece of the Navy’s Over-the-Horizon Weapons System (OTH-WS) Program, and is being installed on Littoral Combat Ships and CONSTELLATION-class Frigates. KONGSBERG is also delivering NSM to the US Marine Corps as a key component of its NMESIS (Navy Marine Expeditionary Ship Interdiction System) Program. 

Read full article here.

Source: Kongsberg